Is Bittensor (TAO) Set for a Major Surge Thanks to Grayscale? Here’s What’s Happening

Jakarta, Pintu News – Grayscale has just made another bold move that could potentially push one of the crypto world’s most promising AI tokens to new heights. Meanwhile, technical indicators point to a huge upside potential for the token, which could possibly hit another record high in April 2024.

What crypto coins could surge thanks to Grayscale’s latest move?

Bittensor Potentially Joins BTC & ETH in Grayscale’s Trusted Circle

Grayscale Investments recently filed a Form 10 with the US Securities and Exchange Commission (SEC) for its investment product, Grayscale Bittensor Trust (TAO). The purpose of this filing is to cut the holding period of the private placement from 12 months to just 6 months. This will provide faster liquidity for early investors and potentially attract an influx of new institutional funds.

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If approved, the trust will begin reporting its performance under Section 12(g) of the Exchange Act, which requires Grayscale to file 10-K, 10-Q, and audited financial statements with the SEC – increasing transparency for TAO investors.

“We just filed Form 10 for Grayscale Bittensor Trust (TAO), the first step towards status as an SEC Reporting Company, which increases regulatory accessibility, transparency and compliance,” Grayscale wrote in a post.

This is the first step towards TAO’s status as a publicly tradable investment product that reports to the SEC. This puts TAO on par with Grayscale’s flagship products such as Bitcoin Trust (GBTC), Ethereum Trust (ETHE), and Solana Trust.

If the Form 10 is effective, Grayscale plans to publicly quote TAO trust shares on the OTC Markets, like its other products.

More importantly, this move brings Bittensor (TAO) closer to becoming an exchange-traded product (ETP). If achieved, this will greatly expand access to TAO for both institutional and retail investors.

On-chain data also shows Bittensor’s growing influence, with TAO accounting for around 33% of mindshare in the DePIN (Decentralized Physical Infrastructure Network) sector.

TAO Price Outlook: Will ATH 2024 be Achieved for Bittensor?

From a technical standpoint, the TAO price chart is currently forming a falling wedge pattern – a pattern that often signals a bullish reversal. Specifically, the TAO/USDT trading pair has been consolidating within a falling wedge pattern since October 2024, and as this pattern approaches the end of its formation, a potential breakout seems to be getting closer.

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The price target of a falling wedge pattern is usually calculated by measuring the highest height of the pattern and then projecting it to the breakout point. Based on this calculation, the price of TAO has a potential breakout of up to 236%.

If this scenario plays out, TAO prices could rise to $1,353, breaking the previous All-Time High (ATH) of $1,248 reached on April 11, 2024. However, traders looking to open long positions are advised to wait for confirmation of a breakout above the nearest resistance level at $402.3.

A breakout confirmed by a convincing candlestick close, as well as a successful retest or price hold above $499.6, would strengthen the bullish signal further.

The RSI (Relative Strength Index) indicator at 63 shows that TAO prices still have room to rise before entering the overbought zone. The upward trajectory of the RSI also supports the bullish narrative, indicating a strengthening momentum.

On the other hand, the bullish volume profile (green horizontal line) shows that TAO’s price is currently in buyers’ control, with many buyers ready to step in once the price breaks $402.3 and above.

However, if TAO fails to break the upper limit of the falling wedge and is rejected, then the price could potentially drop. The bearish volume profile (black horizontal line) indicates that there is selling pressure waiting below $219.6.

If this level fails to hold, selling pressure could intensify, pushing TAO prices down further to the lower boundary of the wedge around $130.3.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Grayscale’s Tao ETF Hits All-Time High. Accessed on October 14, 2025
• CoinPedia. Bittensor Tao Price Teases Weekly Breakout as Grayscale Interest Sparks Recovery. Accessed on October 14, 2025